Ramón Calderón, who was president at Real Madrid between 2006 and 2009, believes that the operation to take Álvaro Morata from Real Madrid to Manchester United is all but concluded and that it is a deal in which "everyone wins".

Newly-promoted Brighton and Hove Albion completed the signing of goalkeeper Mathew Ryan from Valencia for a reported 6M euros today. An Australia international, Ryan has penned a five-year contract with the Seagulls.

Alavés are busy plotting for the new season and have signed promising Chinese striker Yming Yan, and international at youth level for China.

Celta de Vigo's Belgian winger Théo Bongonda will spend next season on loan with Turkey's Trabzonspor. The deal is for one season with Trabzonspor retaining an option to buy the player at the end of the loan.

Other visitors at the Bernabéu offices this week were Real Sociedad, who are negotiating with Real Madrid for centre-back Diego Llorente. The Basque outfit have offered a five-year deal for the 23-year-old, who spent last season on loan at Málaga, will be a direct replacement for Mikel González. The deal still hasn't been tied up but could be done and dusted by the end of next week.

PSG have only offered Pepe a one-year deal and the very reason he left Real Madrid is because they did the same. Could some clubs in England make a move and give him what he wants? 

John Terry will be on the move this summer. Harry Redknapp confirmed on Thursday that he is keen to bring the veteran to Birmingham City, and presumably did to while leaning out of a car window.

And just incase you missed it, Donnarumma will not sign a new deal at AC Milan. His contract expires next summer.

PSG have reportedly only offered Pepe a one-year deal with the option for a second.

All quiet now on the market but just to recap, Ronaldo has reportedly decided he wants to leave Real Madrid. further reports now suggest that he decided he wanted to leave before the Champions League final in Cardiff.

Ross Barkley might be looking for a new club fairly soon, if Alan Stubbs' assessment of the situation is correct. "I think Ronald put his cards on the table with Ross before the end of the season and he gave him an ultimatum," Stubbs told talkSPORT. "The fact that we are three weeks gone and Ross hasn't signed, then I think that's the biggest indicator that Ross' future is going to lie elsewhere."

The Ivan Perisic to Manchester United rumours have quietened down recently. It seems there is a stand-off on the money front. Inter Milan want €55 million and refuse to budge on the price.

There were reports that he said they had received a very nice offer from the Gunners but he apparently said nothing of the sort. I hate transfer windows.

Reports now suggesting that Lyon president Jean-Michel Aulas said nothing, absolutely nothing about Arsnela during his press conference.

Hull City's Harry Maguire has moved to Leicester. The centre-back could be seen as a long-term replacement for their aging central pairing.

Carlos Tevez has not enjoyed his time in China. He says, "“Honestly, I do not know what I’m going to do at the end of the year" when asked. 

 Dani Alves tells Paulo Dybala that he needs to leave Juventus in order to get the best out of himself. 

Everton's interest in Sandro continues. Málaga are also pushing on in their pursuit of replacements and have a big circle around Borja Baston's name. The money Koeman's club are spending might be a sign that Lukaku is on his way out this summer.

Lyon preisdent Jean-Michel Aulas says "I do not have any offers now," for Alexandre Lacazette. It seems this one will drag on over the course of the summer.

• Reports emerging that Antonio conte was facing the sack after questioning Chelsea's ambitions in the transfer market but it seems to have all gone quiet very quickly after the reports emerged. 

Catalan radio station RAC1 are reporting that Manchester City are close to signing Barcelona's promising defender Eric García. The 16 year old centre-back has played for Spain's Under-17s. The news is said to have Barcelona worried, with the continuing flight of talent from La Masia showing no signs of stopping.

Atletico face a struggle to keep hold of Yannick Carrasco with Premier League and Bundesliga clubs interested in his servives.

Theo Hernandez is a done deal to Real Madrid. Atletico do want to make sure they are fully paid for his transfer before they make it official though and there is also a reported €6 million fee to keep things kosher between the clubs.

Kalidou Koulibaly is being reported to be on Chelsea's radar with the Napoli defender rumoured to leave for close to 60 million euros

Lyon president Jean-Michel Aulas has said that they have received a "very nice offer" from Arsenal for striker Alexandre Lacazatte. Let's see what that turns out to mean...

In case you missed it, the goalkeeping saga of the summer is getting interesting with Milan's teenage sensation Gianluigi Donnarumma stating that he will not be signing a new contract with the Serie A club.

The HUGE news breaking in Portugal this morning was regarding Cristiano Ronaldo. Reports in the press stating that he has made an irreversible decision to leave Spain. Can this be true? Or is he trying to send a message to the tax authorities? Rumours abound and we'll keep you across developments... 

First up today, a quick recap on what's been happening...

Good morning and welcome to our live coverage of everything going on in the footballing transfer markets. We'll be keeping you informed throughout the day so stay tuned...